News

Houghton Mifflin Harcourt Completes Financial Restructuring and Emerges From Chapter 11 - StreetInsider.com

06/22/12

BOSTON--(BUSINESS WIRE)-- Global education leader Houghton Mifflin Harcourt (HMH) today announced that it has completed its financial restructuring and emerged from its chapter 11 reorganization, 32 days after its initial “pre‐packaged” filing on May ...

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Ritz Camera files for bankruptcy - Atlanta Journal Constitution

06/22/12

A camera chain with metro Atlanta connections -- and 24 Georgia locations -- has filed for bankruptcy and intends to close more than 100 stores nationwide, including 13 in this state. It's the third time the entities that make up Ritz Camera ...

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World's Most Expensive Movie Poster Seized in Bankruptcy Case - YAHOO!

06/22/12

A rare and coveted Metropolis movie poster—one of only four known surviving copies from the 1927 silent film classic—has been seized as part of a Chapter 7 liquidation bankruptcy case involving its owner Kenneth Schacter, a well-known collector.

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David Bergstein Fires Back at Aramid in Latest Lawsuit - Hollywood Reporter

06/22/12

is an off-shoot of motions granted by a federal court earlier this week that dismissed a number of claims made by Aramid in an involuntary bankruptcy case involving Capitol, ThinkFilm and other companies formerly managed by Bergstein, and at one time owned by Tutor.

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Owner Of Debtor LLC Goes To Jail For Contempt For Interfering With Foreclosure Sale - Forbes

06/22/12

The Creditor then moved the Bankruptcy Court to lift the stay ... Cowstone additionally waived all rights to notice and hearing arising from the foreclosure sale. The Consent Order was signed by Cowstone’s counsel on its behalf.

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Red Sox star Schilling talks of bankruptcy - United Press International

06/22/12

The Rhode Island video game company filed for bankruptcy two weeks ago, The Boston Globe reported. "One of the going concerns from Day One -- and it was always something that we were cognizant of -- is we needed to raise capital," Schilling said ...

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U.S. Bankruptcy Judge Offers Dissenting View on Credit Bids - American Banker Online

06/22/12

Not everyone regrets that the Supreme Court's recent ruling on a case involving credit bidding wasn't more of a home run for secured lenders. Robert Drain, a U.S. bankruptcy judge for the Southern District of New York, thinks that the justices were right ...

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U.S. Bankruptcy Judge Offers Dissenting View on Credit Bids - American Banker Online

06/22/12

Not everyone regrets that the Supreme Court's recent ruling on a case involving credit bidding wasn't more of a home run for secured lenders. Robert Drain, a U.S. bankruptcy judge for the Southern District of New York, thinks that the justices were right ...

[more]

World's Most Expensive Movie Poster Seized in Bankruptcy Case - YAHOO!

06/22/12

A rare and coveted Metropolis movie poster—one of only four known surviving copies from the 1927 silent film classic—has been seized as part of a Chapter 7 liquidation bankruptcy case involving its owner Kenneth Schacter, a well-known collector.

[more]

World's Most Valuable Movie Poster Seized in Bankruptcy Case - Hollywood Reporter

06/22/12

Schacter paid a still-record $690,000 for it in 2005. In the bankruptcy filing, he estimates its value at just $250,000, a number most observers view as comically low. High estimates put the value of the poster at more than $1 million, making it the first ...

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